🧧NEWS: U.S. MOVES OVER $100 MILLION IN BITCOIN AND BNB 🇺🇸
Ninjas, a major transaction has caught our attention. 🥷🏽
Wallets associated with the U.S. government moved approximately $103 million in crypto, involving around 833.6 $BTC and 40.285 $BNB
What caught our attention was where the Bitcoin went: the #BTC passed through intermediary addresses and arrived at addresses identified by Arkham as Coinbase Prime deposits, an institutional platform used to custody and trade large volumes.
The assets originated from seizures made by the U.S. government. Some of the BTC is linked to the HashFlare and Bitfinex cases, while the BNB is related to seized assets connected to Alameda Research.
⚠️ But keep in mind: a transfer does not mean a sale.
So far, there is no confirmation that the U.S. government has sold these Bitcoins. Coinbase Prime is also used for institutional custody, and some of these assets may be related to restitution proceedings.
🥷🏽 And the question remains: why move these assets right now?
Custody reorganization? Restitution? Or preparation for some operation involving assets that could be liquidated?
The blockchain shows that the money moved, but it doesn’t reveal the intent behind the transaction.
For now, let’s not mistake a transfer for a sale. But when more than $100 million in crypto linked to the U.S. government starts moving, the Ninja takes notice. 👀
Team #thaitraderoficial
#BinanceSquareTalks
Ninjas, a major transaction has caught our attention. 🥷🏽
Wallets associated with the U.S. government moved approximately $103 million in crypto, involving around 833.6 $BTC and 40.285 $BNB
What caught our attention was where the Bitcoin went: the #BTC passed through intermediary addresses and arrived at addresses identified by Arkham as Coinbase Prime deposits, an institutional platform used to custody and trade large volumes.
The assets originated from seizures made by the U.S. government. Some of the BTC is linked to the HashFlare and Bitfinex cases, while the BNB is related to seized assets connected to Alameda Research.
⚠️ But keep in mind: a transfer does not mean a sale.
So far, there is no confirmation that the U.S. government has sold these Bitcoins. Coinbase Prime is also used for institutional custody, and some of these assets may be related to restitution proceedings.
🥷🏽 And the question remains: why move these assets right now?
Custody reorganization? Restitution? Or preparation for some operation involving assets that could be liquidated?
The blockchain shows that the money moved, but it doesn’t reveal the intent behind the transaction.
For now, let’s not mistake a transfer for a sale. But when more than $100 million in crypto linked to the U.S. government starts moving, the Ninja takes notice. 👀
Team #thaitraderoficial
#BinanceSquareTalks